Soros Fund Management

Q1 2026 13F · by Dawn Fitzpatrick, CIO

As of: Mar 31, 2026
Filed: May 15, 2026
US stock: $5.5B · prev $5.6B
Positions: 229 · prev 206
Options notional: $1.8B
Documents: 1· no amendments

Picture60.6% US stock

Partial picture · of what this 13F reports is US stock

US stock listed on a US exchange 60.6%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 19.4%
Puts at notional value 18.6%
Calls at notional value 1.4%

Moves317 since the prior filing

+43.6 pp in · −43.7 pp out

New 106 +29.32 pp
Added 45 +14.25 pp
Trimmed 64 −17.17 pp
Exited 83 −26.55 pp

Options: 19 moves on a notional base, in the table below.

The book

Diversified · behaves like 58 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 213% a year, about 0.5 years per position

Low
Moderate
High

Top 5 positions20% of US stock

AMZN Amazon.Com Inc trimmed−2.38 pp trimmed−2.387.3%
EA Electronic Arts Inc added+2.00 pp added+2.003.6%
NVDA Nvidia Corp added+1.18 pp added+1.183.4%
TSM Taiwan Semiconductor Manufacturing Company Ltd. added+1.30 pp added+1.303.2%
GOOGL Alphabet Inc. Class A trimmed−0.57 pp trimmed−0.573.0%

Positions229 in this filing · 83 exited


AMZNAmazon.Com Inc	7.33%	1,945,789	$405M	trimmed−18%	−2.38 pp	22 q
EAElectronic Arts Inc	3.56%	965,793	$197M	added×2.3	+2.00 pp	3 q
NVDANvidia Corp	3.39%	1,073,206	$187M	added+61%	+1.18 pp	5 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	3.19%	522,318	$177M	added+49%	+1.30 pp	4 q
GOOGLAlphabet Inc. Class A	2.99%	573,929	$165M	trimmed−10%	−0.57 pp	28 q
LINLinde plc	2.33%	259,926	$129M	new	+2.33 pp	new
AAPLApple Inc.	2.30%	500,534	$127M	added+20%	+0.28 pp	4 q
TKOTKO Group Holdings, Inc.	2.20%	604,242	$122M	trimmed−5%	−0.17 pp	5 q
SEESealed Air Corp New	2.09%	2,751,799	$116M	added×5.3	+1.71 pp	2 q
SWSmurfit Westrock plc	1.82%	2,520,236	$100M	added+5%	+0.16 pp	7 q
GTLSChart Inds Inc	1.76%	470,095	$97M	added+65%	+0.71 pp	3 q
AM6Amicus Therapeutics Inc	1.50%	5,753,186	$83M	added+15%	+0.23 pp	2 q
IDAIDACORP, Inc.	1.49%	577,290	$83M	trimmed−1%	+0.17 pp	4 q
HONHoneywell International, Inc.	1.46%	358,052	$81M	added×5.0	+1.21 pp	3 q
CMSCMS Energy Corporation	1.45%	1,034,397	$80M	trimmed−7%	+0.07 pp	3 q
MSFTMicrosoft Corp	1.42%	211,966	$78M	trimmed−19%	−0.85 pp	4 q
HOLXHologic Inc	1.39%	1,013,552	$77M	added+16%	+0.23 pp	2 q
HTOH2O America	1.30%	1,228,747	$72M	new	+1.30 pp	new
CWANClearwater Analytics Hds-a	1.26%	2,941,405	$70M	added+2%	+0.02 pp	2 q
ITRIItron Inc	1.26%	777,335	$70M	added×2.1	+0.64 pp	2 q
KDKKodiak AI, Inc.	1.23%	9,767,037	$68M	trimmed−2%	−0.71 pp	4 q
CRMSalesforce, Inc.	1.22%	361,291	$67M	trimmed−30%	−1.23 pp	7 q
PENPenumbra, Inc.	1.21%	203,434	$67M	new	+1.21 pp	new
BRK.BBERKSHIRE HATHAWAY Class B	1.16%	133,277	$64M	new	+1.16 pp	new
NEE.PRPNextera Energy Inc	1.09%	1,200,703	$60M	new	+1.09 pp	new
WECWEC Energy Group, Inc.	1.07%	512,754	$59M	added×5.3	+0.89 pp	2 q
MDLNMedline Inc. Class A	1.04%	1,286,434	$57M	trimmed−19%	−0.14 pp	2 q
KVUEKenvue Inc.	0.98%	3,157,266	$54M	added×2.5	+0.60 pp	2 q
BHFBrighthouse Financial, Inc.	0.92%	846,794	$51M	added+9%	+0.03 pp	5 q
CRBGCorebridge Financial, Inc.	0.92%	2,133,647	$51M	added+3%	−0.19 pp	10 q
WEDWebster Financial Corp	0.89%	711,790	$49M	new	+0.89 pp	new
TPHTri Pointe Homes, Inc.	0.88%	1,041,426	$49M	new	+0.88 pp	new
AVGOBroadcom Inc.	0.87%	155,107	$48M	added+52%	+0.24 pp	2 q
OSOneStream, Inc. Class A	0.79%	1,830,222	$44M	added×5.5	+0.68 pp	7 q
IBKRInteractive Brokers Group, Inc. Class A	0.78%	645,344	$43M	trimmed−16%	−0.10 pp	17 q
APLSApellis Pharmaceuticals, Inc.	0.77%	1,056,000	$42M	new	+0.77 pp	new
BGCBGC Group, Inc. Class A	0.74%	4,199,713	$41M	added+99%	+0.40 pp	11 q
XELXcel Energy, Inc.	0.73%	508,440	$40M	trimmed−31%	−0.23 pp	2 q
MCDMcDonald's Corporation	0.69%	123,562	$38M	new	+0.69 pp	new
TEAMAtlassian Corporation Class A	0.66%	535,515	$37M	added+87%	−0.17 pp	4 q
VSTVistra Corp.	0.66%	244,314	$37M	new	+0.66 pp	new
WWDWoodward, Inc.	0.65%	99,830	$36M	trimmed−45%	−0.33 pp	2 q
AAMIAcadian Asset Management Inc.	0.64%	648,807	$35M	trimmed−12%	+0.02 pp	25 q
SUNBSunbelt Rentals Holdings, Inc.	0.64%	546,114	$36M	new	+0.64 pp	new
JPMJPMorgan Chase & Co.	0.63%	118,358	$35M	added×54.7	+0.62 pp	2 q
CXCemex S.A.B. de C.V.	0.62%	2,991,971	$34M	new	+0.62 pp	new
CRWVCoreWeave, Inc. Class A	0.62%	439,360	$34M	new	+0.62 pp	new
FIGRFigure Technology Solutions, Inc. Class A	0.61%	1,000,000	$34M	trimmed−52%	−0.92 pp	3 q
ULSUL Solutions Inc.	0.61%	395,000	$34M	trimmed−32%	−0.21 pp	8 q
DAWNDay One Biopharmaceuticals, Inc.	0.60%	1,539,100	$33M	new	+0.60 pp	new
COFCapital One Financial	0.59%	180,105	$33M	new	+0.59 pp	new
NATLNCR Atleos Corporation	0.58%	730,349	$32M	new	+0.58 pp	new
SEMSelect Medical Holdings Corp	0.54%	1,833,473	$30M	new	+0.54 pp	new
WBDWarner Bros. Discovery, Inc. Series A	0.54%	1,092,610	$30M	added×7.3	+0.46 pp	2 q
unresolvedVeris Residential Inc	0.52%	1,533,840	$29M	new	+0.52 pp	new
VSECVSE Corp	0.52%	157,201	$29M	added×23.8	+0.50 pp	2 q
ALLYAlly Financial Inc.	0.51%	725,267	$28M	trimmed−57%	−0.85 pp	5 q
EMXCiShares MSCI Emerging Markets ex China ETF	0.50%	354,686	$28M	held	—	13 q
OBDCBlue Owl Capital Corporation	0.49%	2,451,136	$27M	new	+0.49 pp	new
PORPortland General Electric Company	0.48%	506,328	$27M	new	+0.48 pp	new
ACNAccenture PLC	0.48%	134,640	$27M	added+7%	−0.12 pp	20 q
Oracle Corpconvertible	0.47%	569,360	$26M	new	+0.47 pp	new
DASHDoorDash, Inc. Class A	0.46%	170,160	$26M	added+20%	−0.11 pp	13 q
MUBiShares National Muni Bond ETF	0.46%	241,400	$26M	held	—	25 q
RDNTRadNet, Inc.	0.44%	438,450	$25M	trimmed−24%	−0.29 pp	3 q
ACLXArcellx, Inc.	0.42%	200,000	$23M	new	+0.42 pp	new
KKRKKR & Co. Inc.	0.41%	244,691	$23M	new	+0.41 pp	new
8TGThermon Group Holdings Inc	0.41%	448,088	$23M	new	+0.41 pp	new
UBERUber Technologies, Inc.	0.41%	314,209	$23M	trimmed−16%	−0.13 pp	16 q
WIXWIX.com Ltd.	0.41%	250,000	$23M	new	+0.41 pp	new
AESAES Corporation	0.40%	1,557,000	$22M	new	+0.40 pp	new
MFICMidCap Financial Investment Corporation	0.40%	1,944,500	$22M	new	+0.40 pp	new
GFLGFL Environmental Inc. Subordinate Voting Shares	0.40%	530,184	$22M	trimmed−28%	−0.16 pp	9 q
ARESAres Management Corporation Class A	0.39%	196,054	$21M	new	+0.39 pp	new
FWONKLiberty Media Corporation Series C	0.38%	246,933	$21M	added+76%	+0.13 pp	2 q
BXSLBlackstone Secured Lending Fund	0.37%	867,500	$21M	new	+0.37 pp	new
LLYEli Lilly & Co.	0.37%	22,199	$20M	trimmed−1%	−0.06 pp	2 q
BXBlackstone Inc.	0.36%	173,489	$20M	new	+0.36 pp	new
METAMeta Platforms, Inc. Class A	0.36%	34,607	$20M	new	+0.36 pp	new
HYGiShares iBoxx $ High Yield Corporate Bond ETF	0.36%	250,000	$20M	new	+0.36 pp	new
TSLATesla, Inc.	0.36%	53,093	$20M	trimmed−6%	−0.09 pp	2 q
GFSGlobalFoundries Inc.	0.36%	444,362	$20M	new	+0.36 pp	new
PMPhilip Morris International Inc.	0.34%	112,294	$19M	new	+0.34 pp	new
OWLBlue Owl Capital Inc.	0.33%	2,017,636	$18M	added+70%	+0.01 pp	2 q
SAROStandardAero, Inc.	0.33%	700,000	$18M	added+65%	+0.11 pp	6 q
CFGCitizens Financial Group, Inc.	0.32%	298,507	$18M	held	—	2 q
MASIMasimo Corporation	0.32%	100,838	$18M	new	+0.32 pp	new
628Semrush Holdings Inc-a	0.32%	1,482,627	$18M	added+15%	+0.05 pp	2 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.32%	64,993	$18M	added+14%	−0.01 pp	6 q
ITTITT Inc.	0.31%	89,740	$17M	trimmed−73%	−0.71 pp	2 q
430Terns Pharmaceuticals Inc	0.31%	321,905	$17M	new	+0.31 pp	new
DDDuPont de Nemours, Inc.	0.30%	368,000	$17M	held	—	3 q
Vse Corpconvertible	0.30%	336,856	$17M	new	+0.30 pp	new
EHABEnhabit, Inc.	0.29%	1,118,674	$16M	new	+0.29 pp	new
SPYState Street SPDR S&P 500 ETF Trust	0.29%	25,000	$16M	trimmed−82%	−1.43 pp	6 q
NOWServicenow, Inc.	0.29%	154,349	$16M	new	+0.29 pp	new
MAMastercard Incorporated	0.28%	30,452	$15M	new	+0.28 pp	new
APOApollo Global Management, Inc.	0.26%	131,351	$15M	new	+0.26 pp	new
TALKTalkspace Inc	0.26%	2,767,040	$14M	new	+0.26 pp	new
SGISomnigroup International Inc.	0.24%	178,797	$13M	trimmed−19%	−0.11 pp	5 q
OTFBlue Owl Technology Finance Corp.	0.23%	1,005,000	$12M	new	+0.23 pp	new
CCOClear Channel Outdoor Holdings, Inc.	0.23%	5,407,175	$13M	added×8.0	+0.20 pp	2 q
DDOGDatadog, Inc. Class A	0.22%	101,346	$12M	trimmed−73%	−0.70 pp	11 q
NSANational Storage Affiliates Trust	0.22%	317,432	$12M	new	+0.22 pp	new
PONYPony AI Inc.	0.22%	1,292,309	$12M	added+5%	−0.10 pp	6 q
CRHCRH Public Limited Company	0.22%	115,025	$12M	trimmed−42%	−0.22 pp	11 q
CGThe Carlyle Group Inc.	0.21%	244,985	$12M	new	+0.21 pp	new
KOCoca-Cola Company	0.21%	150,643	$11M	new	+0.21 pp	new
CNMCore & Main, Inc.	0.21%	232,437	$11M	trimmed−47%	−0.19 pp	2 q
GDENGolden Entertainment, Inc.	0.21%	430,101	$11M	new	+0.21 pp	new
HUMHumana Inc.	0.21%	67,644	$12M	added+34%	−0.02 pp	3 q
AIGAmerican International Group, Inc.	0.20%	149,926	$11M	trimmed−19%	−0.08 pp	2 q
DLRDigital Realty Trust, Inc.	0.19%	57,418	$10M	held	—	2 q
ETSYEtsy, Inc.	0.19%	215,000	$11M	new	+0.19 pp	new
EVGOEVgo Inc. Class A	0.19%	6,036,569	$10M	added+34%	−0.04 pp	6 q
SRESempra	0.19%	108,570	$11M	trimmed−73%	−0.43 pp	3 q
VRSKVerisk Analytics, Inc.	0.18%	53,455	$10M	new	+0.18 pp	new
VMRKVivmark Residential	0.17%	161,288	$10M	held	—	2 q
INGMIngram Micro Holding Corporation	0.17%	400,000	$9M	new	+0.17 pp	new
CMECME Group Inc.	0.16%	30,028	$9M	held	—	38 q
ETREntergy Corporation	0.16%	77,178	$9M	trimmed−50%	−0.10 pp	5 q
UDMYUdemy, Inc.	0.16%	1,921,574	$9M	added+75%	+0.05 pp	2 q
BGBunge Global SA	0.16%	68,732	$9M	trimmed−21%	+0.02 pp	2 q
GLGlobe Life Inc.	0.15%	59,695	$8M	trimmed−59%	−0.21 pp	6 q
JNJJohnson & Johnson	0.15%	34,846	$9M	new	+0.15 pp	new
KWEBKraneShares CSI China Internet ETF	0.15%	300,404	$9M	new	+0.15 pp	new
ATIATI Inc.	0.14%	52,832	$8M	new	+0.14 pp	new
CFCF Industries Holding, Inc.	0.14%	57,849	$8M	new	+0.14 pp	new
CORZWCore Scientific, Inc. Tranche 1	0.14%	874,277	$8M	trimmed−18%	−0.02 pp	2 q
LGNLegence Corp. Class A	0.14%	132,654	$7M	added+3%	+0.04 pp	3 q
WMTWalmart Inc.	0.14%	63,099	$8M	added×3.6	+0.10 pp	2 q
AMDAdvanced Micro Devices	0.13%	34,645	$7M	added×2.0	+0.06 pp	2 q
CRCLCircle Internet Group, Inc.	0.13%	75,686	$7M	added+46%	+0.06 pp	4 q
SPGIS&P Global Inc.	0.13%	16,532	$7M	new	+0.13 pp	new
SNOWSnowflake Inc.	0.13%	47,821	$7M	trimmed−47%	−0.22 pp	8 q
TPGTPG Inc. Class A	0.13%	172,835	$7M	new	+0.13 pp	new
CBChubb Limited	0.13%	22,890	$7M	new	+0.13 pp	new
LBRDKLiberty Broadband Corporation Class C	0.12%	127,235	$6M	new	+0.12 pp	new
NOCNorthrop Grumman Corp.	0.12%	9,660	$7M	new	+0.12 pp	new
MCBMetropolitan Bank Holding Corp., $0.01 par value per share	0.11%	75,000	$6M	new	+0.11 pp	new
EWCiShares MSCI Canada ETF	0.10%	97,700	$5M	held	—	11 q
JANJanus Living, Inc.	0.10%	228,768	$5M	new	+0.10 pp	new
CORZCore Scientific, Inc.	0.09%	329,422	$5M	added×60.4	+0.09 pp	2 q
EXCExelon Corporation	0.09%	104,734	$5M	trimmed−83%	−0.39 pp	3 q
GLXYGalaxy Digital Inc. Class A	0.09%	271,911	$5M	held	—	4 q
PKSTPeakstone Realty Trust	0.09%	247,802	$5M	new	+0.09 pp	new
MDAMDA Space Ltd.	0.09%	200,000	$5M	new	+0.09 pp	new
MKCMcCormick & Company, Incorporated Non-VTG CS	0.09%	102,761	$5M	new	+0.09 pp	new
MIAXMiami International Holdings, Inc.	0.09%	132,600	$5M	trimmed−14%	−0.03 pp	3 q
AMRZAmrize Ltd	0.09%	88,889	$5M	trimmed−67%	−0.17 pp	4 q
ABTAbbott Laboratories	0.08%	44,750	$5M	new	+0.08 pp	new
BRCBBlack Rock Coffee Bar, Inc. Class A	0.08%	322,760	$4M	trimmed−5%	−0.05 pp	3 q
ENSEnerSys, Inc.	0.08%	23,885	$4M	new	+0.08 pp	new
NFLXNetFlix Inc	0.08%	47,875	$5M	new	+0.08 pp	new
PPLPPL Corporation	0.08%	117,200	$4M	new	+0.08 pp	new
MWHSOLV Energy, Inc. Class A	0.08%	140,500	$4M	new	+0.08 pp	new
BILLBILL Holdings, Inc.	0.07%	106,925	$4M	new	+0.07 pp	new
NPNeptune Insurance Holdings Inc.	0.07%	171,000	$4M	held	—	2 q
WOLFWolfspeed, Inc.	0.07%	251,320	$4M	new	+0.07 pp	new
BLSHBullish	0.07%	108,200	$4M	held	—	3 q
CRSCarpenter Technology Corp	0.06%	8,436	$3M	new	+0.06 pp	new
EQPTEquipmentShare.com Inc Class A	0.06%	150,000	$3M	new	+0.06 pp	new
MTRNMaterion Corporation	0.06%	21,142	$3M	new	+0.06 pp	new
RDDTReddit, Inc.	0.06%	24,069	$3M	new	+0.06 pp	new
AMTMAmentum Holdings, Inc.	0.05%	107,606	$3M	trimmed−2%	−0.01 pp	2 q
DYDycom Industries, Inc.	0.05%	8,198	$3M	new	+0.05 pp	new
FPSForgent Power Solutions, Inc.	0.05%	102,200	$3M	new	+0.05 pp	new
RBCRBC Bearings Incorporated	0.05%	4,875	$3M	new	+0.05 pp	new
GFUZGeneral Fusion Group Ltd.	0.05%	295,261	$3M	new	+0.05 pp	new
STLAStellantis N.V.	0.05%	378,741	$3M	new	+0.05 pp	new
ARRYArray Technologies, Inc.	0.04%	275,286	$2M	new	+0.04 pp	new
CBCCentral Bancompany, Inc. Class A	0.04%	92,846	$2M	trimmed−16%	−0.01 pp	2 q
NETCloudflare, Inc. Class A, par value $0.001 per share	0.04%	10,781	$2M	new	+0.04 pp	new
FLRFluor Corporation	0.04%	50,814	$2M	trimmed−58%	−0.05 pp	2 q
LQDiShares iBoxx $ Investment Grade Corporate Bond ETF	0.04%	20,000	$2M	new	+0.04 pp	new
OFRMOnce Upon a Farm, PBC	0.04%	150,000	$2M	new	+0.04 pp	new
VZVerizon Communications	0.04%	43,292	$2M	new	+0.04 pp	new
AKTSAktis Oncology, Inc.	0.03%	100,000	$2M	new	+0.03 pp	new
BKUBankunited, Inc.	0.03%	31,343	$1M	trimmed−76%	−0.07 pp	2 q
BOBSBobs Discount Furniture, Inc.	0.03%	120,000	$1M	new	+0.03 pp	new
LCIDLucid Group, Inc.	0.03%	173,000	$2M	added+80%	+0.01 pp	2 q
PGRProgressive Corporation	0.03%	9,472	$2M	new	+0.03 pp	new
SHLSShoals Technologies Group, Inc. Class A	0.03%	288,976	$2M	new	+0.03 pp	new
TNCTennant Company	0.03%	26,012	$2M	new	+0.03 pp	new
ADEAAdeia Inc.	0.02%	50,270	$1M	new	+0.02 pp	new
LNTAlliant Energy Corporation	0.02%	18,452	$1M	new	+0.02 pp	new
ANDGAndersen Group Inc.	0.02%	50,000	$1M	trimmed−20%	−0.01 pp	2 q
BLLNBillionToOne, Inc. Class A	0.02%	14,500	$1M	held	—	2 q
CPNGCoupang, Inc.	0.02%	73,071	$1M	trimmed−21%	−0.02 pp	2 q
DISThe Walt Disney Company	0.02%	10,518	$1M	trimmed−98%	−1.36 pp	3 q
ESEversource Energy	0.02%	14,891	$1M	added0%	0.00 pp	2 q
FEFirstEnergy Corp.	0.02%	20,946	$1M	new	+0.02 pp	new
MTZMasTec, Inc.	0.02%	3,931	$1M	trimmed−73%	−0.04 pp	2 q
MUMicron Technology, Inc.	0.02%	2,824	$954,060	new	+0.02 pp	new
RUSHARush Enterprises Inc	0.02%	13,937	$921,375	new	+0.02 pp	new
SPSBState Street SPDR Portfolio Short Term Corporate Bond ETF	0.02%	30,268	$910,159	held	—	24 q
VOYGVoyager Technologies, Inc.	0.02%	51,600	$1M	held	—	2 q
ASAmer Sports, Inc.	0.02%	40,575	$1M	new	+0.02 pp	new
CEPVCantor Equity Partners V, Inc. Class A	0.02%	100,000	$1M	added+33%	+0.01 pp	2 q
ACHCAcadia Healthcare Company, Inc.	0.01%	22,536	$527,117	new	+0.01 pp	new
AAAlcoa Corporation	0.01%	6,482	$429,951	new	+0.01 pp	new
CMCSAComcast Corp	0.01%	14,389	$413,108	trimmed−80%	−0.03 pp	2 q
DTEDTE Energy Company	0.01%	4,424	$646,877	new	+0.01 pp	new
TET1 Energy Inc.	0.01%	88,357	$387,887	new	+0.01 pp	new
HUNHuntsman Corporation	0.01%	41,009	$545,830	added+7%	0.00 pp	2 q
PIImpinj, Inc.	0.01%	3,881	$398,579	new	+0.01 pp	new
JJacobs Solutions Inc.	0.01%	2,526	$321,509	trimmed−81%	−0.02 pp	2 q
KTOSKratos Defense & Security Solutions, Inc.	0.01%	5,000	$352,550	new	+0.01 pp	new
LULUlululemon athletica inc.	0.01%	2,450	$375,095	trimmed−66%	−0.02 pp	2 q
MPMP Materials Corp.	0.01%	9,442	$455,671	trimmed−24%	0.00 pp	2 q
SMRNuScale Power Corporation	0.01%	70,360	$762,702	trimmed−53%	−0.03 pp	2 q
RPDRapid7, Inc.	0.01%	125,000	$688,750	trimmed−7%	−0.03 pp	7 q
XLFState Street Financial Select Sector SPDR ETF	0.01%	12,270	$605,770	trimmed−96%	−0.29 pp	2 q
STUBStubHub Holdings, Inc.	0.01%	125,000	$780,000	trimmed−74%	−0.11 pp	3 q
USARUSA Rare Earth, Inc. Class A	0.01%	20,991	$317,699	new	+0.01 pp	new
unresolvedCantor Equity Partners II In	0.01%	50,000	$544,500	new	+0.01 pp	new
BLDRBuilders FirstSource, Inc.	0.00%	2,656	$218,668	trimmed−73%	−0.02 pp	2 q
CDZICADIZ, Inc.	0.00%	29,206	$143,401	new	0.00 pp	new
CODICompass Diversified	0.00%	24,616	$193,482	trimmed−80%	−0.01 pp	2 q
EMEEMCOR Group, Inc.	0.00%	328	$242,166	trimmed−84%	−0.02 pp	2 q
FRMIFermi Inc.	0.00%	15,805	$92,301	trimmed−74%	−0.01 pp	2 q
GOGrocery Outlet Holding Corp.	0.00%	36,891	$260,082	trimmed−73%	−0.02 pp	2 q
LNCLincoln National Corp.	0.00%	7,287	$258,689	trimmed−79%	−0.03 pp	2 q
OPENWOpendoor Technologies Inc Series K Warrants, each whole warrant exercisable to purchase one share of at an exercise price of $9.00 per	0.00%	19,069	$11,529	trimmed−42%	0.00 pp	2 q
OPENLOpendoor Technologies Inc Series A Warrants, each whole warrant exercisable to purchase one share of at an exercise price of $13.00 per	0.00%	1,102	$271	added×5.5	0.00 pp	2 q
PCTPureCycle Technologies, Inc.	0.00%	20,797	$107,936	trimmed−65%	−0.01 pp	2 q
RKTRocket Companies, Inc.	0.00%	13,467	$191,905	trimmed−69%	−0.02 pp	2 q
RUNSunrun Inc	0.00%	19,500	$264,420	trimmed−99%	−0.73 pp	3 q
GRABGrab Holdings Limited Class A	0.00%	19,418	$71,070	new	0.00 pp	new
DAYDayforce, Inc.	—	−1,489,221	—	exited	−1.84 pp	—
EXKExact Sciences Corp	—	−864,009	—	exited	−1.56 pp	—
CYBRCyberark Software LTD/ISRAEL	—	−196,092	—	exited	−1.56 pp	—
NGDNew Gold Inc.	—	−9,691,998	—	exited	−1.50 pp	—
CFLTConfluent, Inc. Class A	—	−2,689,913	—	exited	−1.45 pp	—
SYU1Synovus Financial Corp	—	−1,438,381	—	exited	−1.28 pp	—
AL1Sumisho Air Lease Corp	—	−1,109,293	—	exited	−1.27 pp	—
CMAComerica Incorporated	—	−748,994	—	exited	−1.16 pp	—
RNAAvidity Biosciences Inc	—	−840,976	—	exited	−1.08 pp	—
CDTXCidara Therapeutics, Inc.	—	−275,000	—	exited	−1.08 pp	—
JHGJanus Henderson Group PLC	—	−996,991	—	exited	−0.85 pp	—
HIHillenbrand, Inc.	—	−1,391,980	—	exited	−0.79 pp	—
INDVIndivior Pharmaceuticals, Inc.	—	−1,154,452	—	exited	−0.74 pp	—
REVGREV Group, Inc.	—	−641,910	—	exited	−0.70 pp	—
DBRGDigitalBridge Group, Inc.	—	−2,400,000	—	exited	−0.66 pp	—
Novanta Incconvertible	—	−581,067	—	exited	−0.57 pp	—
unresolvedCsg Sys Intl Inc	—	−377,410	—	exited	−0.52 pp	—
CADECadence Bank	—	−597,348	—	exited	−0.46 pp	—
DVAXDynavax Technologies Corporation	—	−1,569,507	—	exited	−0.43 pp	—
XHBState Street SPDR S&P Homebuilders ETF	—	−202,579	—	exited	−0.37 pp	—
RSPInvesco S&P 500 Equal Weight ETF	—	−104,067	—	exited	−0.36 pp	—
FLUTFlutter Entertainment plc	—	−92,988	—	exited	−0.36 pp	—
ONBOld National Bancorp	—	−855,685	—	exited	−0.34 pp	—
ZTSZoetis Inc.	—	−148,448	—	exited	−0.33 pp	—
TXNTexas Instruments Incorporated	—	−98,191	—	exited	−0.30 pp	—
ZBRAZebra Technologies Corporation	—	−66,426	—	exited	−0.29 pp	—
SYFSynchrony Financial	—	−167,394	—	exited	−0.25 pp	—
UTE0USA Technologies, Inc.	—	−1,251,880	—	exited	−0.24 pp	—
ENPHEnphase Energy, Inc.	—	−400,000	—	exited	−0.23 pp	—
FXIiShares China Large-Cap ETF	—	−325,000	—	exited	−0.22 pp	—
MDBMongoDB, Inc. Class A	—	−28,373	—	exited	−0.21 pp	—
CATBAstria Therapeutics Inc	—	−873,400	—	exited	−0.20 pp	—
ALEXAlexander & Baldwin, Inc.	—	−440,176	—	exited	−0.16 pp	—
CVLTCommvault Systems, Inc.	—	−70,000	—	exited	−0.16 pp	—
FRGEForge Global Holdings, Inc.	—	−198,530	—	exited	−0.16 pp	—
PTGXProtagonist Therapeutics, Inc	—	−100,000	—	exited	−0.16 pp	—
SAILSailPoint, Inc.	—	−425,000	—	exited	−0.15 pp	—
BETABeta Technologies, Inc.	—	−268,520	—	exited	−0.14 pp	—
COINCoinbase Global, Inc. Class A	—	−33,984	—	exited	−0.14 pp	—
RALRalliant Corporation	—	−149,089	—	exited	−0.14 pp	—
ORAOrmat Technologies, Inc.	—	−68,190	—	exited	−0.13 pp	—
TRIPTripAdvisor, Inc.	—	−520,000	—	exited	−0.13 pp	—
PLYMPlymouth Industrial REIT, Inc.	—	−313,225	—	exited	−0.12 pp	—
QQnity Electronics, Inc.	—	−80,000	—	exited	−0.12 pp	—
FUNSix Flags Entertainment Corporation	—	−440,000	—	exited	−0.12 pp	—
TTWOTake-Two Interactive Software Inc	—	−25,478	—	exited	−0.12 pp	—
RDNRadian Group Inc.	—	−178,767	—	exited	−0.11 pp	—
ETOReToro Group Ltd. Class A	—	−172,220	—	exited	−0.11 pp	—
ADIAnalog Devices, Inc.	—	−21,400	—	exited	−0.10 pp	—
DDominion Energy, Inc	—	−91,323	—	exited	−0.10 pp	—
GSATGlobalstar, Inc.	—	−78,881	—	exited	−0.09 pp	—
VVXV2X, Inc.	—	−92,800	—	exited	−0.09 pp	—
BLBlackLine, Inc.	—	−75,000	—	exited	−0.07 pp	—
GEHCGE HealthCare Technologies Inc.	—	−47,298	—	exited	−0.07 pp	—
LIONLionsgate Studios Corp.	—	−400,972	—	exited	−0.07 pp	—
ROGRogers Corporation	—	−37,197	—	exited	−0.06 pp	—
VKTXViking Therapeutics, Inc	—	−90,000	—	exited	−0.06 pp	—
AEROGrupo Aeromexico, S.A.B. de C.V.	—	−125,000	—	exited	−0.05 pp	—
PCHPotlatchDeltic Corporation	—	−75,900	—	exited	−0.05 pp	—
OKLOOklo Inc.	—	−32,147	—	exited	−0.04 pp	—
PDPagerDuty, Inc.	—	−184,592	—	exited	−0.04 pp	—
PZZAPapa John's International Inc	—	−62,731	—	exited	−0.04 pp	—
WLTHWealthfront Corporation	—	−182,960	—	exited	−0.04 pp	—
RBRKRubrik, Inc.	—	−21,971	—	exited	−0.03 pp	—
CRLCharles River Laboratories International, Inc.	—	−6,778	—	exited	−0.02 pp	—
FWONALiberty Media Corporation Series A	—	−10,200	—	exited	−0.02 pp	—
SHOPShopify Inc. Class A subordinate voting shares	—	−5,376	—	exited	−0.02 pp	—
VIAVia Transportation, Inc.	—	−30,000	—	exited	−0.02 pp	—
WSCWillScot Holdings Corporation Class A	—	−45,138	—	exited	−0.02 pp	—
AAOIApplied Optoelectronics, Inc.	—	−11,576	—	exited	−0.01 pp	—
ALABAstera Labs, Inc.	—	−3,359	—	exited	−0.01 pp	—
KRMNKarman Holdings Inc.	—	−9,543	—	exited	−0.01 pp	—
RBLXRoblox Corporation	—	−10,335	—	exited	−0.01 pp	—
QXOQXO, Inc.	—	−41,095	—	exited	−0.01 pp	—
TGNATEGNA Inc.	—	−36,673	—	exited	−0.01 pp	—
TWOTwo Harbors Investment Corp.	—	−71,432	—	exited	−0.01 pp	—
UUnity Software Inc.	—	−14,882	—	exited	−0.01 pp	—
FICOFair Isaac Corporation	—	−133	—	exited	0.00 pp	—
NAKNorthern Dynasty Minerals, Ltd.	—	−64,305	—	exited	0.00 pp	—
FRMMForum Markets, Incorporated	—	−35,482	—	exited	0.00 pp	—
PPTAPerpetua Resources Corp.	—	−11,406	—	exited	0.00 pp	—
9998819DPinnacle Financial Partners	—	−2,153	—	exited	0.00 pp	—
ROIVRoivant Sciences Ltd.	—	−9,492	—	exited	0.00 pp	—

Other 13(f) securities

Options 13

Contract	% of notional	Shares	Notional
SPY PUT	42.32%	1,188,400	$773M
XLE PUT	16.60%	4,948,400	$303M
CRWV PUT	12.05%	2,840,100	$220M
XOP PUT	11.92%	1,196,900	$218M
TSM PUT	6.94%	375,000	$127M
ESTC CALL	2.08%	761,000	$38M
IRM CALL	1.73%	310,000	$32M
ITRI CALL	1.56%	317,500	$28M
WIX PUT	1.54%	311,600	$28M
SMH PUT	1.37%	65,300	$25M
PONY CALL	1.15%	2,230,400	$21M
HUN CALL	0.67%	917,500	$12M
WOLF CALL	0.06%	69,600	$1M

Notes 21

Issue	% of notes	Principal	Value
Global Payments Inc	12.37%	247,500,000	$218M
Bill Holdings Inc	10.58%	209,679,000	$187M
PG&E Corp	10.29%	175,000,000	$182M
Jazz Investments I Ltd	8.98%	130,399,000	$158M
Rivian Auto Inc	8.71%	143,436,000	$154M
Jd.com Inc	8.50%	150,158,000	$150M
Lumentum Holdings Inc	6.49%	21,378,000	$114M
Dropbox Inc	5.57%	103,500,000	$98M
Blackline Inc	5.38%	101,000,000	$95M
Lumentum Holdings Inc	4.10%	10,250,000	$72M
Snap Inc	4.03%	88,000,000	$71M
Varonis System Inc	3.37%	68,055,000	$59M
Dexcom Inc	3.30%	62,977,000	$58M
Ncl Corporation Ltd	2.24%	40,175,000	$39M
Etsy Inc	2.08%	37,500,000	$37M
Digitalocean Holdings	1.28%	23,095,000	$23M
Jbt Marel Corp	0.96%	17,000,000	$17M
Okta Inc	0.59%	10,500,000	$10M
Snap Inc	0.52%	10,000,000	$9M
Cheesecake Factory (The)	0.51%	9,000,000	$9M
Nutanix Inc	0.16%	3,211,000	$3M

Source

Form: 13F-HR
Reading: 0 defects · 2 unresolved
Accession: 0000902664-26-002529
SEC cross-check: SEC data set not published yet

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